Oppenheimer Holdings Inc. (NYSE:OPY) reported a net loss of $309,000 or ($0.02) per share for the second quarter of 2011 compared to a net profit of $9.2 million or $0.69 per share in the second quarter of 2010. Revenue for the second quarter of 2011 was $244.5 million compared to revenue of $257.0 million in the second quarter of 2010, a decrease of 4.9%. Client assets entrusted to the Company and under management totaled approximately $73.9 billion while client assets under fee-based programs offered by the asset management groups totaled approximately $19.7 billion at June 30, 2011 ($66.9 billion and $14.7 billion, respectively, at June 30, 2010). Second quarter results were negatively impacted by costs of $4.6 million associated with refinancing our long-term debt as well as significant continuing costs associated with auction rate securities matters.
Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full service broker-dealer.
Crown Equity Holdings Inc., (OTCPK:CRWE)
Crown Equity has the creative resources to dramatically enhance your company's corporate identity with its in-house advertising and name-branding services. This includes creating, designing, implementing logos, and other strategies which rapidly increase your company's credibility and value. As many people know, brand strength is a good indicator of the strength of a company and its financial value.
The internet can be a powerful tool that can put you on solid footing with bigger companies. The cost of spreading your message is next to nothing through online marketing. Emailing your subscription base is more often cheaper than sending a letter through the mail. If you have an information sensitive business you can deliver your products directly to your customers without having to use a courier. The reach is global and no other form of marketing shows such results with the help of internet.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language. In addition to publishing to the mentioned countries, Crown Equity Holdings Inc. has also established online publishing sites for over 660 various cities within those countries.
For more information, visit http://www.crownequityholdings.com
Strategic Hotels & Resorts, Inc. (NYSE:BEE) announced that it has closed a $145.0 million limited recourse loan secured by the InterContinental Chicago hotel. This new financing replaces the $121.0 million financing previously encumbering the property. This loan is the final debt refinancing as outlined in the Company's strategic balance sheet restructuring plan.
Strategic Hotels & Resorts, Inc., a self-administered and self-managed real estate investment trust (REIT), engages in the ownership and asset management of upper upscale and luxury hotels in North America and Europe.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Biomass is a renewable energy source not only because the energy it comes from the sun, but also because biomass can re-grow over a relatively short period of time. Through the process of photosynthesis, chlorophyll in plants captures the sun's energy by converting carbon dioxide from the air and water from the ground into carbohydrates-complex compounds composed of carbon, hydrogen, and oxygen.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
Apache Corp. (NYSE:APA) announced that an Apache Australian subsidiary and its partners have signed long-term sales and purchase agreements with Tokyo Electric Power (TEPCO) for liquefied natural gas (NYSEMKT:LNG) from the Chevron-operated Wheatstone Project in Western Australia.
Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
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